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Impinj (STU:27J) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Impinj Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Impinj Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Impinj's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Impinj Cyclically Adjusted Price-to-FCF Chart

Impinj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Impinj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Impinj's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Impinj's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Impinj's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Impinj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Impinj's Cyclically Adjusted Price-to-FCF falls into.



Impinj Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Impinj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Impinj's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.579/131.7762*131.7762
=1.579

Current CPI (Mar. 2024) = 131.7762.

Impinj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201012 0.000 92.474 0.000
201103 -0.469 94.283 -0.656
201412 0.000 99.070 0.000
201503 -0.143 99.621 -0.189
201506 -0.149 100.684 -0.195
201509 -0.162 100.392 -0.213
201512 0.177 99.792 0.234
201603 -0.184 100.470 -0.241
201606 -0.237 101.688 -0.307
201609 -0.236 101.861 -0.305
201612 -0.056 101.863 -0.072
201703 -0.820 102.862 -1.050
201706 -0.391 103.349 -0.499
201709 -0.495 104.136 -0.626
201712 -0.130 104.011 -0.165
201803 -0.470 105.290 -0.588
201806 -0.207 106.317 -0.257
201809 -0.095 106.507 -0.118
201812 0.066 105.998 0.082
201903 -0.043 107.251 -0.053
201906 0.085 108.070 0.104
201909 -0.074 108.329 -0.090
201912 0.123 108.420 0.149
202003 0.030 108.902 0.036
202006 0.033 108.767 0.040
202009 -0.646 109.815 -0.775
202012 -0.144 109.897 -0.173
202103 0.176 111.754 0.208
202106 -0.270 114.631 -0.310
202109 -0.031 115.734 -0.035
202112 -0.216 117.630 -0.242
202203 -0.650 121.301 -0.706
202206 0.243 125.017 0.256
202209 0.479 125.227 0.504
202212 -0.446 125.222 -0.469
202303 -1.213 127.348 -1.255
202306 -0.982 128.729 -1.005
202309 -0.156 129.860 -0.158
202312 -0.040 129.419 -0.041
202403 1.579 131.776 1.579

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Impinj  (STU:27J) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Impinj Cyclically Adjusted Price-to-FCF Related Terms

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Impinj (STU:27J) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Impinj Inc (STU:27J) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
400 Fairview Avenue North, Suite 1200, Seattle, WA, USA, 98109
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

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